What's new

Top wealth creators in world: Study

i dont know what you're complaining about. It's true of all countries. Pakistan will probably overtake india in a few years time in economic growth. That's because it hasn't reached its full potential. It doesn't mean it's a great thing that it was held back before.

This bit i dont think is true

"In its annual Global Wealth Report , management consulting firm Boston Consulting Group has listed the US, China, the UK and India as the nations showing the largest absolute gains in wealth in 2010."

I'm pretty sure economies in the west were in recession in 2010. So their use of the word wealth is a bit incorrect.
 
i dont know what you're complaining about. It's true of all countries. Pakistan will probably overtake india in a few years time in economic growth. That's because it hasn't reached its full potential. It doesn't mean it's a great thing that it was held back before.

This bit i dont think is true

"In its annual Global Wealth Report , management consulting firm Boston Consulting Group has listed the US, China, the UK and India as the nations showing the largest absolute gains in wealth in 2010."

I'm pretty sure economies in the west were in recession in 2010. So their use of the word wealth is a bit incorrect.

Oh yeah ....

specialtimesp1.gif
 
it already had overtaken india a few years ago before political/warfare instability had arrived.
 
good news only if you are one of those millionaire families

bad news for the rest
 
that just means india is very poor and undeveloped.

sounds like a bs article. i'd be very surprised if there were any big gains in the countries most hit by the recession (in the amount of wealth). it is the Economic Times though.
^
^^
that which you said i say to it in simple terms that is your post is a very adamant analyses devoid of logic bordering immaturity


now here is what the prestigious Morgan Stanley Financial services has to say READ:

India to become world's fastest growing economy by 2013-15: Morgan Stanley
As per latest Morgan Stanley report, India is poised to accelerate its growth rate to 9-9.5% over 2013-15, even as China will cool down to a more sedate 9% by 2012 and to 8% by 2015. So finds a new report by Morgan Stanley, authored by Chetan Ahya (managing director for Asia and India economist) and Tanvee Gupta.

India has one of the lowest median ages among the major economies. When an economy prospers, first its death rate and then, its birth rate falls. As this trend proceeds, there is a big bulge in the working age population while the non-working population (the young and the old) shrink as a share of the population. The lowering of the dependent (non-working) population to working age population ratio has twin effects.

1. It allows people to save a large proportion of their income, raising the country’s rate of savings.

2. It also boosts the number of people who work and contribute to growth.

Under such conditions, even with stagnant per capita output, the sheer increase in the number of workers would raise GDP growth. With reform pushing up productivity per worker, GDP would rise even faster.

“Real GDP growth in China has averaged 10% annually over the past 30 years, compared with 6.2% in India. During this period, China’s GDP grew 16 times to $5 trillion whereas India’s rose seven times to $1.2 trillion. China’s exports (including services) surged 65 times over this period to $1,330 billion while India’s exports increased 22 times to $250 billion” says the report.

China has overtaken Japan to become the world’s second-largest economy. China’s demographic transition pushed up its savings rate above 30% in 1985, while India’s savings rate crossed that level only in 2005. India’s consumption level will now come down, even as China’s will rise.

Morgan Stanley forecast has few assumptions:

Firstly is assumes, that India will significantly jack up its expenditure on infrastructure and in plant and machinery. Infrastructure expenditure has gone up from 5.4% of GDP in 2005 to 7.5% in 2009 and is poised to go up to 8% of GDP in 2010. Over 2012-17, the forecast is that India’s infrastructure spend would be $1 trillion as compared with $530 million over the previous five-year period.

Another assumption is on the quantity and quality of the young people coming into the workforce. While India will be the largest contributor to the world’s workforce — all of 136 million people — over the next 10 years (25% of the entire world’s additional workforce), China will add just 23 million.

The report also assumes that less than 5% of those who enter the workforce will be illiterate in India in the next two-three years, and that there would be a big jump in the number of young people, who go to and finish college, making India the largest contributor to the pool of tertiary educated workforce in the world.

All these changes would be supported and complemented by further reform by the government in fiscal consolidation, opening up of retail to foreign direct investment, public sector reform and divestment, and improvement in governance that would reduce transaction costs.

The good thing about the assumptions in that, they are based on current trends and facts and mere the list of things India should do to accelerate the growth.

http://theconsumerism.com/india-poised-to-become-worlds-fastest-growing-economy-by-2013-15/
 
^
^^
that which you said i say to it in simple terms that is your post is a very adamant analyses devoid of logic bordering immaturity

now here is what the prestigious Morgan Stanley Financial services has to say READ:

India to become world's fastest growing economy by 2013-15: Morgan Stanley
As per latest Morgan Stanley report, India is poised to accelerate its growth rate to 9-9.5% over 2013-15, even as China will cool down to a more sedate 9% by 2012 and to 8% by 2015. So finds a new report by Morgan Stanley, authored by Chetan Ahya (managing director for Asia and India economist) and Tanvee Gupta.

India has one of the lowest median ages among the major economies. When an economy prospers, first its death rate and then, its birth rate falls. As this trend proceeds, there is a big bulge in the working age population while the non-working population (the young and the old) shrink as a share of the population. The lowering of the dependent (non-working) population to working age population ratio has twin effects.

1. It allows people to save a large proportion of their income, raising the country’s rate of savings.

2. It also boosts the number of people who work and contribute to growth.

Under such conditions, even with stagnant per capita output, the sheer increase in the number of workers would raise GDP growth. With reform pushing up productivity per worker, GDP would rise even faster.

“Real GDP growth in China has averaged 10% annually over the past 30 years, compared with 6.2% in India. During this period, China’s GDP grew 16 times to $5 trillion whereas India’s rose seven times to $1.2 trillion. China’s exports (including services) surged 65 times over this period to $1,330 billion while India’s exports increased 22 times to $250 billion” says the report.

China has overtaken Japan to become the world’s second-largest economy. China’s demographic transition pushed up its savings rate above 30% in 1985, while India’s savings rate crossed that level only in 2005. India’s consumption level will now come down, even as China’s will rise.

Morgan Stanley forecast has few assumptions:

Firstly is assumes, that India will significantly jack up its expenditure on infrastructure and in plant and machinery. Infrastructure expenditure has gone up from 5.4% of GDP in 2005 to 7.5% in 2009 and is poised to go up to 8% of GDP in 2010. Over 2012-17, the forecast is that India’s infrastructure spend would be $1 trillion as compared with $530 million over the previous five-year period.

Another assumption is on the quantity and quality of the young people coming into the workforce. While India will be the largest contributor to the world’s workforce — all of 136 million people — over the next 10 years (25% of the entire world’s additional workforce), China will add just 23 million.

The report also assumes that less than 5% of those who enter the workforce will be illiterate in India in the next two-three years, and that there would be a big jump in the number of young people, who go to and finish college, making India the largest contributor to the pool of tertiary educated workforce in the world.

All these changes would be supported and complemented by further reform by the government in fiscal consolidation, opening up of retail to foreign direct investment, public sector reform and divestment, and improvement in governance that would reduce transaction costs.

The good thing about the assumptions in that, they are based on current trends and facts and mere the list of things India should do to accelerate the growth.

India poised to become world's fastest growing economy

that's brilliant intelligent guy. but what does it have to do with anything I wrote?
 
china will not carry on growing at the same rate forever. India will also cool down (very quickly). Pakistan will overtake them, it too will cool down.

this will happen in all developing countries in Asia. some of you are really really clueless about economies.

finally someone mentioned pakistan heading india in the 1960s. it headed india in the mid 2000s and other periods as well. it will head india in growth fairly soon also under a stable political regime and better security.
 
Also during Pres. Musharraf's tenure.
The economy was expanding rapidly even with the WoT and then elections happened :(



Watch from 5:30 onwards
 
Last edited by a moderator:
that just means india is very poor and undeveloped.

sounds like a bs article. i'd be very surprised if there were any big gains in the countries most hit by the recession (in the amount of wealth). it is the Economic Times though.



Due to 2008 Financial Meltdown, All major Countries (As per GDP) suffered recession. But India recovered in 1 year only due to Good Consumption Story, Strong Banking System and Improving Manufacturing data.

Even in 2008, When Lehman Brothers were bankrupt, Not a Single Bank in India got busted. Earning were down but no where near U.S. level.

No one can Avoid recession due to Inter-connection but Country which has strong growth model will able to recover quickly and India is certainly on the list
 
china will not carry on growing at the same rate forever. India will also cool down (very quickly). Pakistan will overtake them, it too will cool down.

this will happen in all developing countries in Asia. some of you are really really clueless about economies.

finally someone mentioned pakistan heading india in the 1960s. it headed india in the mid 2000s and other periods as well. it will head india in growth fairly soon also under a stable political regime and better security.



You Need to understand the basics of Macro/Micro Economics.

Until and Unless, The Scope of Improvement is there - Country like India and China can grow 8%-10%+ for many years to come. Developed Countries Like U.S., Germany, France, U.K., Italy, Canada, Japan can only grow 2%-3% per annum as they are already developed economy.

Till the moment, you will raise various issues in India, It will continue to grow 8%-10% for next many years. India started its growth prospect 10 years back and it was always 8%-9% except 2008 when all countries GDP was down due to global recession.

It's easy to be in range of 8%-10% after being there for decade but difficult to reach in 8%-10% from 1%-5% range and sustain for 3 years also. Initial Turnaround is very important which requires political stability, Economic reform, Good banking System, Huge Investment, and so on.
 
china will not carry on growing at the same rate forever. India will also cool down (very quickly). Pakistan will overtake them, it too will cool down.

this will happen in all developing countries in Asia. some of you are really really clueless about economies.

finally someone mentioned pakistan heading india in the 1960s. it headed india in the mid 2000s and other periods as well. it will head india in growth fairly soon also under a stable political regime and better security.


To Surpass Indian Economy by Pakistan.


Pakistan Needs to grow 10%+ Per annum for next 15 Years and also India to grow only 2%. Which is Next to Impossible :argh:

If Pakistan by any chance grows 8%-9% for next 20 years consistently and India will also grow 8%-9% only for next 20 years. Then in 2030, Indian Economy will be 50 times Bigger than Pakistan Economy. (Like Today Difference of U.S. and Pakistan)

~ Law of Compound Growth. :cheers:
 
Roadrunner seems to have no knowledge of exponential growth .

Pakistan's economy is 200billion .
Indian economy is 1.7 trillion

More than 8 times .
If we still grow at the same rate India would be adding much more gdp than Pakistan
 

Pakistan Defence Latest Posts

Military Forum Latest Posts

Back
Top Bottom